Word: indexed
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Dates: during 1950-1959
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...with a yearly raise of about 15? an hour, plus a cost-of-living escalator clause. Management's counteroffer: either 1) a one-year extension of the present contract with no wage boost and abolition of the present escalator clause that ties wages to the cost-of-living index, or 2) improved pension and insurance benefits, plus a "modest" wage increase next year, in return for union concessions on work rules...
Housing starts, which gave the recovery so much of its original momentum, rose from 515,000 in the first half of 1958 to 690,000 in the first six months of this year. With the rise came a sharp upward pressure on housing costs. ARCHITECTURAL FORUM reported that the index of building-materials prices jumped 2.7% between January and June, against a 2% gain for the whole of 1958. But other prices were holding steady. Sears. Roebuck, Montgomery Ward. Spiegel, and Aldens Inc. announced that their fall catalogues will show no overall price increase, and some prices are lower...
...criticisms of the Bureau of Labor Statistics is that its cost-of-living index should actually be called the cost-of-living-better index. By reporting only selling prices and failing to identify quality improvements, the BLS long has given a distorted picture of what actually is happening in U.S. living conditions. This week, in a monumental 253-page book. How American Buying Habits Change (U.S. Government Printing Office; $1), the BLS handsomely made amends. It summarized the upgrading in the life of the average U.S. workingman since the bureau's first survey...
...world should ever issue something comparable to Poor's Index of business trustees and their innumerable directorships. Dr. Satya Prakash of India would be high on its initial list. For Dr. Prakash, who was a visitor around Harvard during the first week of the Summer Session, is Director of not one but a dozen museums located in the state of Rajasthan, Jaipur, India. Dr. Prakash has been in America for most of the past year on an Indian government scholarship studying museum techniques in Pittsburgh, Buffalo, Phoenix, San Francisco, New York, Boston and The Old Sturbridge Colonial Village--among other...
...billion above the month before. The Labor Department added that spendable earnings (income after federal taxes) also reached a record in May of $81.03 a week for a factory worker with three dependents. The department also reported a May rise of 0.1% in the consumer price index to a record 124% of the 1947-49 price average. But Bureau Price Chief H. E. Riley said that the change was an expected seasonal rise that has taken place every year but one since 1947. Though further small rises may take place in the next few months, harvests are expected to lower...